Crypto lounge thread

Mikeyd03

Woodpecker
$SPELL chart looks like free money. As to the zksynch airdrop looks like we'll have to wait. The new rumor is opensea having to airdrop because of BLUR competition. Now that would be nice.
 

Mikeyd03

Woodpecker
Airdrops falling from the sky. Got ZigZag coming this week. I am trying to farm the VELO airdrop, they said they would filter out wash traders, but i suppose if you did just a few trades with some profitable wins you might qualify. I think I read there's still time until the first week of march to farm it. Making volume a criteria for the drop makes it seem like they are trying to attract investors. ARBI is still the obvious play and the bar has been set (many will be eligible).

Don't forget to claim your free introducing based network NFT on coinbase. I imagine there will be airdrops for that network as well (even though they claim that not to be the case).

Some thoughts on Ordinal NFTS: I did buy some under 100k inscriptions, and I do think we are still early to this trend. Web wallet is already being built (if not already finished for Bitcoin), which is hyper bullish imo. The token to play this trend would be $STX. Can be bought on coinbase.

Will OpenSea die? I don't think so as it has the cleanest UI and easiest to use experience for NFTs. I do think there is increasing pressure for them to drop a token. All I am saying is do not fade NFTs. I understand that many of the blue chips are highly priced and many are flat out scams. But there are still opportunities which the market has not recognized yet (example: Rare Pepes which can be bought on xchain.io minted before Punks or Bored apes).

We are still extremely early in the market cycle for NFTs, I would call 2021 the first real run up. The next run up will dwarf it by comparison.

Privacy coins still overlooked, which is fine and just allows more time for DCA.

Just some thoughts.
 

Cynllo

Ostrich
Orthodox Inquirer
Another I have been interested in for some time is Handshake. It's an alternative to ICANN, which allows for the ownership of root domains, e.g.

https://rooshvforum ; not https://rooshvforum.com

Or https://rooshv ; so you could then use https://forum.rooshv

It's been adopted by NameCheap, which is one of the largest domain registrars. They reserved around 90,000 domains for the most visited sites online; and about 4% of them have been claimed.



Note that this has been booming (in terms of activity) during crypto winter (along with ENS). This is one reason I am bullish on them for -2025.

People involved with it are very passionate about it, though it lacks the publicity that propels coins towards higher market caps. It also has it's own chain, so that means any exchange has to integrate that, rather than slotting in another token.

I think it's a lot better a system them ENS, but I don't know if it has all that would be needed for a good run going into 2025. There are a number of solid projects like this that have relatively low market caps. Most of this is due to not marketing themselves much.

I am taking a punt on both ENS and Handshake.

My system for this season is to assign a likely high water mark in terms of highest possible market cap rank, e.g. #1 = Bitcoin, #2 = ETH.

I think ENS could hit #25, currently around #120. Handshake is about #700. I think #250 is feasible. If the stars really align though, it could go much higher.

Once a coin gets around those levels I will be looking to sell.

Now is a good time to buy GALA.

I see BTC $20-35K this year, so long as nothing much changes with the economy.
 

Cynllo

Ostrich
Orthodox Inquirer
Any takes on which may be the best performing ETH competitor? There are probably near 100 in the top 200 and I'm not going to allot the time to look at them in more depth, but from what I see there is very little happening on any chains other than ETH, with BNB much further behind. The potential for activity on chain is what I think would be the best predictor of price increase.
 

basedg0d

Chicken
Non-Christian
Any takes on which may be the best performing ETH competitor? There are probably near 100 in the top 200 and I'm not going to allot the time to look at them in more depth, but from what I see there is very little happening on any chains other than ETH, with BNB much further behind. The potential for activity on chain is what I think would be the best predictor of price increase.

There will be no "best performing" ETH competitor, the game now is protocols that scale ETH - ie Arbitrum, Optimism, Polygon, etc. I think that idea is sunsetted after the rise of activity in layer 2s. I mean, if you want a normie to get on a network, do you know how much of a struggle it is to get on Polkadot? Sure interoperability could help via some dApps, but it will not outpace layer 2s.

We're going to see Layer 2 wars during the summer after (that I believe) the market will pivot after the next rate hikes in March in May (released in the FOMC minutes). I also belive that there's probably going to be some kind of liquidity incentive/airdrop on arbitrum.

I can't predict the future, but I believe that layer 1's (Fantom, Avalanche, etc) could be good holds and will do well in the next bull run, but will not outpace the activity happening on layer 2s.
 

Cynllo

Ostrich
Orthodox Inquirer
There will be no "best performing" ETH competitor, the game now is protocols that scale ETH - ie Arbitrum, Optimism, Polygon, etc. I think that idea is sunsetted after the rise of activity in layer 2s. I mean, if you want a normie to get on a network, do you know how much of a struggle it is to get on Polkadot? Sure interoperability could help via some dApps, but it will not outpace layer 2s.

We're going to see Layer 2 wars during the summer after (that I believe) the market will pivot after the next rate hikes in March in May (released in the FOMC minutes). I also belive that there's probably going to be some kind of liquidity incentive/airdrop on arbitrum.

I can't predict the future, but I believe that layer 1's (Fantom, Avalanche, etc) could be good holds and will do well in the next bull run, but will not outpace the activity happening on layer 2s.

Seems quite likely. I can't see much happening on these other chains. Only thing I saw is that Helium, which is a major project, is moving to Solana.

Solana is already valued high, along with Polygon, so I'm not interested. Looking for above average potential gains. I can also see Fantom having a run up to about #20.

On L2s, I had Optimism marked as a potential to have well above average gains, but it has jumped 40-50 places this year. And on further research Polygon is better. Looking at TPS Polygon is well ahead and the others are well behind. Don't see why that would change. Looks like DeFi is growing a lot of L2s and dying on ETH. DeFi very stale on other chain, bar BNB. Also looking for a DeFi platform that could have a good run. Uni is well established and not going to move up much. I can see CAKE having a major pump to about #20. Stargate seems one with the most potential, but would need to do more research.

Another I am buying is StarAtlas, a very good looking game in dev with a good team and lots of interest. Could see #560 -> #100 or more.

With that said if you are looking to beat inflation and play it safe some of these chains seem a good bet, particularly with staking. I have my ETH split between stETH, CoinbaseStakedETH and my own node. And Solana is split between mSOL and stSOL. Nice stable interest on assets I can only see going up rather than rotting fiat.
 
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Mikeyd03

Woodpecker
I bought a sizeable bag of oDoge earlier this week. They took an ordinal (btc NFT) and wrapped it on ETH, then tokenized it. So basically, "the first meme coin to live on BTC". Also was reading a report from Galaxy Digital.....they think the Ordinal MC can reach 5B by 2025.

Here is the chart if anyone is interested: https://www.dextools.io/app/en/ether/pair-explorer/0x46c752b1da67ce438e2b73e47e3464038b3799f3

Gate exchange has already confirmed they will list it.
 

Cynllo

Ostrich
Orthodox Inquirer
I've been piling up USDT ready to buy the dip. I think you've got about ten more days to get in on the cycle lows. The next window being about Jan 2027. I'm seeing this year mostly trading the range $20K-30K, maybe with a top at $35K. Anything sub-$20K is a buy.
 

Cynllo

Ostrich
Orthodox Inquirer
GALA has been added to SwissQuote. Probably the 1st or 2nd largest brokerage in Europe.


Bitcoin cycles -

First cycle:
Peak - 29 Nov 2013 ($1.2K)
Bottom - 14 Jan 2015 ($175) [14 Jan 2015 - 26 Feb 2015]
Growth - ~1,200X
Fell - 85%

2nd cycle:
Peak - 16 Dec 2017 ($20K)
Bottom - 15 Dec 2018 ($3.1K) [25 Nov 2018 - 1 Apr 2019]
Growth - 115X
Fell - 84%

3rd cycle:
Peak - 10 Nov 2021 ($69K)
Bottom - 21 Nov 2022 ($15.5K) [9 Nov 2022 - 9 Jan 2023]
Growth - 22X
Fell - 78%

I think that the next one will have to be more like $150K-200X peak.
 
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lonewolf1968

Kingfisher
Other Christian
@lonewolf1968 - I am hearing that Bukele fever is taking LatAm. Apparently many people like how he has made dramatic reductions in crime in one of the world's most violent countries. Any intel on this?

Yeah man, at least in Colombia all the right wing people here love him. We´re probably 20%, the other 30% don't know they are right wing and also kind of like him.. i knew of him because of Crypto and liked him. Our Leftist president tried to diss him but got owned when tried to compare his prison to a concentration camp.
 

Cynllo

Ostrich
Orthodox Inquirer
Yeah man, at least in Colombia all the right wing people here love him. We´re probably 20%, the other 30% don't know they are right wing and also kind of like him.. i knew of him because of Crypto and liked him. Our Leftist president tried to diss him but got owned when tried to compare his prison to a concentration camp.

What type of government are the right-wing people in Colombia partial too?

Someone from the forum has suggested I could move to El Salvador. And I am quite keen to get a temp. place to live until I get my life-long home (planned) in 2026. Don't want to be wasting five figures on rent till then. Certainly thinking about it.

But, of course, it all rests on his continued leadership. If he hasn't done it he should ban all foreign NGOs, charities etc.

202004americas_elsalvador_bukele2.jpg
 

Cynllo

Ostrich
Orthodox Inquirer
I was trying to get a norm to buy in over the low. Literally at the low point, where I bought in :) Now up 25%. He was saying, "Oh, but isn't it stagnant? Isn't Bitcoin having a really bad time?" He goes away and his other friend, who is far wiser was talking about crypto and wanted to know what I thought. I said this could be the last prime entry point for a few years. Just buy, with everything you have. Don't ask any questions. Just buy now and forever more. Also gave him my playbook and picks for the coming years.

I asked two other Bitcoiners to coax the norm. And he got angry and refused to talk about it. I was pushing the same guy to buy ETH in April 2020 @ about $160. He had about $14,000. I said put it all in. "Ohhh. It's dangerous." I said put a bit in. "Ohh. It's risky!" I was thinking I could offer to put it in for him and he can pay me back later with 7% interest, or forget it if it goes down. Zero risk. Sure it would also have been rejected. Vaxxed and unrepentant.

Meanwhile got some anti-vaxxers in at the bottom.

Norms can't be helped.
 

Blade Runner

Crow
Orthodox
You still don't think it'll go down one last time with the liquidity issues/tightening and draw downs coming for all markets?

I do, but 2024 is looking VERY bright. I'm OK if I'm wrong with this idea that there'll be one last push down.
 

Cynllo

Ostrich
Orthodox Inquirer
You still don't think it'll go down one last time with the liquidity issues/tightening and draw downs coming for all markets?

I do, but 2024 is looking VERY bright. I'm OK if I'm wrong with this idea that there'll be one last push down.

Yes. I am piling up more cash. I think it might pull back to around $22k for a little while. Pre-SVB, I saw it going down to around $20k and languishing around there for a bit. Then a small rally from the summer, up to about $35k. If there are no adverse events between now and the end of 2025, I think that will be the last of sub-$20K. We can see the Fed & Co. are going to prop up everything.
 
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